Phillips 66 explores sale of REX pipeline stake worth $1B-plus - Reuters [Seeking Alpha]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Seeking Alpha
The company is working with its advisors on talks with potential buyers, which include P-E firms and infrastructure funds, according to the report Phillips 66 ( PSX ), which is aiming to raise ~$3B from asset sales this year, hopes to get a premium to the stake's current book value of $451M, the report said, adding bidders would need to assume debt obligations worth more than $500M associated with the stake. REX is a 1,700-mile interstate natural gas pipeline stretching from Wyoming and Colorado to eastern Ohio. CEO Mark Lashier told Reuters in an interview earlier in the day that the company was in discussions with potential buyers for asset sales but was not in a rush. Recommended For You More Trending News Recommended For You More Trending News About PSX Stock Related Stocks Trending Analysis Trending News
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News
- Phillips 66 (PSX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (PSX) Q1 Earnings Miss, Revenues Increase Y/Y [Yahoo! Finance]Yahoo! Finance
- Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress [Yahoo! Finance]Yahoo! Finance
- Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities ProgressBusiness Wire
- Commodity Roundup: Oil, gold firm ahead of U.S. GDP data, natgas down [Seeking Alpha]Seeking Alpha
PSX
Earnings
- 4/26/24 - Miss
PSX
Sec Filings
- 4/26/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- 4/4/24 - Form 8-K
- PSX's page on the SEC website